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Lodging Staff

Lodging Staff
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Simmons Hospitality Institutes New Mattress Recycling Initiative

ATLANTA—Simmons Bedding Company and its Hospitality Division (Simmons Hospitality) announced the implementation of a new mattress recycling program. The company recently partnered with Global Sustainability Solutions ("GSS") to handle recycling services for hospitality sales....

Area of Protection

Area of protection (AOP) is a negotiated geographic area of exclusivity that a new franchisee sets up with a franchisor that blocks new, competing units from being placed nearby without the franchisee’s approval. AOP...

Mezzanine Debt

Mezzanine loans are back in vogue with hotel investors and developers turning to this financing tool for their latest acquisitions, recapitalizations, and leveraged buyouts. “Senior lenders are getting more aggressive,” says Geoffrey Davis, president...

EMV Payment Processing

As many credit card issuers adopt plans to move forward with Europay, Mastercard, and Visa (EMV) payment processes in the United States, hoteliers will need to upgrade their point-of-sales (POS) systems to accommodate the...

Detroit Marriott to Undergo $30 Million Renovation

DETROIT—The Detroit Marriott at the Renaissance Center announced that it will begin a $30 million renovation project in February 2014, transforming 1,329 guestrooms and 100,000 square feet of meeting space. This downtown Detroit hotel...